Stocks Ended at Record Highs

U.S. stocks ended at record highs on Friday as traders shook off a disappointing print on job creation in November. The Dow Jones Industrial Average rose 248.74 points or 0.83%, to 30,218.26. The S&P 500 advanced 32.40 points, or 0.88%, to 3,699.12. The Nasdaq Composite gained 87.05 points, or 0.70%, to 12,464.23. For the week, the Dow gained 1%, the S&P 500 was up 1.7% and the Nasdaq advanced 2.1%.

Oil futures rose Friday, with prices up a fifth week in a row and the global benchmark settling at its highest since early March. West Texas Intermediate crude for January delivery rose 62 cents, or 1.4%, to settle at $46.26 a barrel and logged a weekly gain of 1.6%. February Brent crude climbed 54 cents, or 1.1%, at $49.25 a barrel and was up 2.1% for the week.

Orders for U.S. manufactured goods increased by 1.0% in October after an upwardly revised 1.3% gain in September, the Commerce Department reported Friday morning. This topped expectations for a rise of 0.8%, according to consensus economists polled by Bloomberg.